Anti-Corruption Laws
Thailand has enacted a variety of laws dealing with corruption and ethical standards in the public sector. The laws applicable to foreigners, foreign entities, or other corporate vehicles with a foreign shareholding include the Thai Penal Code, the regulations concerning public procurement, corporate governance rules and legislation.
The National Anti-Corruption Commission was established as an independent agency with broad powers of investigation and has the authority to independently initiate prosecution.
We routinely advise clients on this evolving area of Thai law. We are also one of the few local firms which regularly advises clients on the U.S. Foreign Corrupt Practices Act and the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, and we keep track of similar legislative developments in other countries which are major sources of direct foreign investment into Thailand.
For more information on Anti-Corruption Laws please click here to go to the Knowledge section of our website.
Related Legal Updates
Anti-Corruption Laws
Feb 26, 2018
Lawyers Are Targets in FCPA Investigations Too
“I should have refused to draft the contract that we used for paying bribes.” – Former Keppel Offshore & Marine Ltd., In-House Counsel Jeffery Chow.
Read more
Anti-Corruption Laws
Feb 22, 2018
Thailand’s TPI Corruption Perception Score Essentially Remains Unchanged
The respected anti-corruption organization, Transparency International, released its 2017 ranking of countries based on perceived levels of public sector corruption. The TPI employs a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean.
Read more
Anti-Corruption Laws
Jul 21, 2017
FCPA Enforcement under the Trump Administration
There has been considerable speculation about how vigorously the Trump administration will enforce the Foreign Corrupt Practices Act (“FCPA”) given Trump’s past criticism of this law. In 2012, Trump famously called the FCPA a “horrible law”.
Read more